The Frozen Lifetime Allowance

“In March’s Budget, the Chancellor announced that instead of increasing in line with inflation, the pensions Lifetime Allowance will be frozen at its current level for the next 5 years. Whilst it was not a complete shock that some changes to the tax treatment of...

New self-employed during 2019/2020?

Did you commence self-employment during 2019/2020? Do you need to claim the extended self-employment income support scheme (SEISS), which ends on 30 September 2021, because your business has been affected by COVID? If so you will be required to complete a new...

Benefits affected by late payment of Class 2 NIC

So…. January and February have come and gone, as has the deadlines for filing 2019/2020 tax returns. As you will be aware HMRC had extended the deadline for the filing of tax returns for the year ended 5 April 2020 to 28 February 2021 but now that this date has...

Budget 2021

Budget 2021……whilst the tax hikes were not as many as forecast the actual tax take from the changes are significant, being the highest level since the late 1960’s. Also, as the Chancellor hinted, there may be more to come over the next few years to enable the books to...